Project Finance

  • January 09, 2024

    Judge Allows Investors To Add Claims In Cabot Fracking Suit

    A Texas federal judge allowed investors suing Cabot Oil & Gas Corp. to add more claims to their suit accusing the company of misrepresenting its environmental regulatory compliance in Pennsylvania, though one set of claims is time-barred.

  • January 09, 2024

    River Authority Says Private Co. Is Skirting Competition Costs

    The San Jacinto River Authority told a Houston federal judge on Tuesday that a private water utility company was trying to "avoid the cost of competition" by accusing it of monopolizing the wholesale water market northeast of Houston during the first day of a bench trial in an antitrust case between the entities.

  • January 09, 2024

    Cities Say Texas River Authority Required To Mediate Fee Row

    The Texas Supreme Court was told Tuesday that the San Jacinto River Authority can't argue that two Houston-area cities improperly invoked their governmental immunity in a dispute over a 2017 price hike in groundwater services because the authority didn't first mediate its claims.

  • January 09, 2024

    Army Corps Seeks To End Suit Over Gold Mine Permit

    The Army Corps of Engineers is asking a Louisiana federal judge to throw out a Nevada company's lawsuit claiming it has taken too long to process a gold mining permit application or else transfer the matter to the District of Alaska.

  • January 09, 2024

    DC Circ. Seeks US Input On Foreign Award Question

    The D.C. Circuit is asking the U.S. Department of Justice to weigh in on an ongoing battle over whether courts can enforce roughly $390 million of arbitral awards issued to European investors following the reduction of Spanish renewable energy subsidies.

  • January 09, 2024

    Citing 'Plutonium Plume,' Enviro Groups Fight Colo. Trail

    Seven public health and environmental groups have sued multiple federal departments in D.C. federal court, accusing them of using "fatally flawed" environmental analyses to support its approval of an 8-mile trail through what the groups say is the most heavily plutonium-contaminated portion of Colorado's Rocky Flats National Wildlife Refuge.

  • January 08, 2024

    Local Gov'ts Press FCC To Change Cable Franchise Fee Rules

    Local authorities are pressuring the Federal Communications Commission to clarify that cable companies may offset only actual costs of in-kind contributions towards their franchise fees, saying confusion has followed a 2021 Sixth Circuit ruling.

  • January 08, 2024

    FCC Says Funding A Major Factor Hindering 'Rip And Replace'

    Network providers face challenges from weather to supply chain delays as they replace unsecured equipment, but one of the biggest problems remains a shortage of funding for the program, the Federal Communications Commission has told Congress.

  • January 08, 2024

    Tribes Withdraw Appeal Seeking To Halt Nev. Lithium Mine

    Three Native American tribes have dropped their Ninth Circuit fight to revive a lawsuit seeking to block an open-pit lithium mine in northern Nevada, but tensions remain high as project opponents have clashed at the site and in state court.

  • January 08, 2024

    Catching Up With Delaware's Chancery Court

    Last week in Delaware's court of equity, Berkshire Hathaway took the last exit in a dispute with the minority owner of Pilot truck stops, Guess Inc. shareholders folded up a $30 million settlement, and the co-founders of an LG Electronics Inc. subsidiary won a boardroom battle with the South Korean multinational. Here are all the new year's top highlights so far out of Delaware's Chancery Court.

  • January 08, 2024

    PE Firm Buys $400M Minority Stake In Brazilian Energy Co.

    Global infrastructure investment manager I Squared Capital said on Monday that it had acquired a minority stake in Brazilian distributed energy generation company Origo Energia through an investment of up to $400 million that will be used to help the business fund the construction of new solar generation projects.

  • January 08, 2024

    Justices Snub Alaska's Effort To Revive Pebble Mine Project

    The U.S. Supreme Court on Monday declined to take up Alaska's challenge to the Environmental Protection Agency's action blocking the construction of a mine in a wilderness area that's home to important fisheries.

  • January 08, 2024

    Justices Pass On Fight Over NJ Pier Project Loan

    The U.S. Supreme Court on Monday declined to review the Ninth Circuit's revival of a building company's Nevada federal lawsuit accusing an architect and his wife of hiding assets to dodge a judgment, leaving intact a decision to lift a stay on the complaint because, the appellate court had reasoned, there's doubt that parallel litigation in New Jersey state court could resolve the Nevada matter.

  • January 08, 2024

    Justices Reject Fresh Bid To Review Climate Change Torts

    The U.S. Supreme Court on Monday declined another chance to determine whether climate change torts lodged by state and local governments belong in federal court, rejecting a petition from fossil fuel companies to review the state court remand of Minnesota's climate fraud suit.

  • January 05, 2024

    Missouri Must Face SIFMA Challenge To Anti-ESG Rules

    A Missouri federal judge Friday refused to toss a Wall Street industry group's legal challenge to the state's anti-ESG rules requiring brokers and advisers to get client signatures before giving financial advice incorporating social objectives, holding the group had sufficiently claimed violations of the First Amendment, federal preemption and unconstitutional vagueness.

  • January 05, 2024

    Top Groups Lobbying The FCC

    The Federal Communications Commission heard from nearly 200 companies and interest groups in December on a wide variety of topics, including media ownership rules, data breach reporting, cable billing practices, robotext regulations and more.

  • January 05, 2024

    Objections To Rate-Rigging Class Cert. Too Late, Judge Says

    A New York federal judge told several large banks that they waited too long to raise constitutional and statutory concerns about including cities and government entities in a certified class of investors accusing banks of inflating interest rates on debt securities known as variable rate demand obligations. 

  • January 05, 2024

    Jump Trading Beats Claims Stablecoin Wasn't Stable, For Now

    A California federal judge has refused to send to arbitration a putative class action alleging cryptocurrency company Jump Trading duped investors to fund Terraform's stablecoins, which lost more than 90% of their value within weeks, but he tossed the complaint, with leave to amend, for failing to sufficiently allege securities fraud.

  • January 05, 2024

    Tribal Healthcare Dispute Could Upend Law, Justices Told

    Any requirement for Indian Health Services to pay contract support costs for activities funded by a tribe's third-party income would upend the Indian Self-Determination and Education Assistance Act, the federal government told the U.S. Supreme Court, saying two appellate courts erred when interpreting the law to determine that those additional healthcare expenses must be reimbursed.

  • January 05, 2024

    Locke Lord Says NJ Is No Place For Oil Co.'s Malpractice Suit

    Locke Lord LLP moved Friday to dismiss the third malpractice suit it has faced from an oil company alleging it botched an escrow transaction, arguing the oil company has again brought its suit in an improper jurisdiction by mounting the case in New Jersey.

  • January 05, 2024

    Engineers Can't Stop Review Of Collapsed Bridge Info

    An engineering firm can't get an exception to a Pennsylvania state judge's order for a closed-door review of records related to a Pittsburgh bridge's collapse, amid an ongoing dispute over what victims of the collapse can get for their lawsuits and what's privileged due to an ongoing federal investigation.

  • January 04, 2024

    Logan Paul Sues 'Con Artist' Co-Defendants In NFT Fraud Suit

    YouTuber Logan Paul filed crossclaims on Thursday in Texas federal court against two of his co-defendants in a proposed class action alleging they orchestrated a cryptocurrency "rug pull," saying the shortcomings of the CryptoZoo gaming project are not his fault because he was duped by the two "con artists."

  • January 04, 2024

    Fla. Firm Sued Over Soured $20M Investment In Satellite Co.

    A Miami-based financial firm was hit with a lawsuit in New York state court alleging it duped investors out of $20 million by convincing them to invest in a satellite company on the brink of insolvency.

  • January 04, 2024

    3rd Circ. Rejects Challenge To NJ Airport Improvements

    The Federal Aviation Administration's approval of upgrades to an aging airport in New Jersey did not violate federal law, the Third Circuit ruled Thursday, rejecting a plea for review from groups opposed to the terminal project.

  • January 04, 2024

    Helium Producer To Go Public Via $90M SPAC Merger

    Helium-sourcing company New Era Helium Corp., advised by Sichenzia Ross Ference Carmel LLP, on Thursday announced it will go public through a merger with special-purpose acquisition company Roth CH Acquisition V. Co., advised by Loeb & Loeb LLP, in a deal with a pre-money valuation of $90 million.

Expert Analysis

  • EPA's Good Neighbor Ozone Plan: What Cos. Should Know

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    With the U.S. Environmental Protection Agency's recently issued Good Neighbor Rule set to restrict ozone-forming smokestack emissions from power plants and industrial facilities in 23 states, the time is now for companies to consider options available under the rule to mitigate costs and legal exposure, says John Watson at Spencer Fane.

  • Opinion

    Attorneys Should Have An Ethical Duty To Advance DEI

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    National and state bar associations are encouraging attorneys to apply diversity, equity and inclusion practices in the legal profession and beyond, and these associations should take it one step further by formally recognizing ethical duties for attorneys to promote DEI, which could better the legal profession and society, says Elena Mitchell at Moore & Van Allen.

  • Data-Driven Insights Are Key To Attracting Today's Clients

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    As law firm growth slows and competition for clients increases, modern firms must rely on robust data analytics to develop the sector-based expertise and industry insights that clients increasingly prioritize in relationships with counsel, says Lavinia Calvert at Intapp.

  • EV Chargers Can Bring Benefits For Calif. Property Owners

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    California property developers and owners face growing pressure to provide electric vehicle charging infrastructure — but this can be a unique opportunity to add value to real estate assets, and can be accomplished in multiple ways, say Riley Cutner-Orrantia and Eurie Hwang at Crosbie Gliner.

  • Brownfield Renewables Guidance Leaves Site Eligibility Murky

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    Recent IRS guidance sheds some light on the Inflation Reduction Act's incentives for renewable energy development on contaminated sites — but the eligibility of certain sites for brownfield status remains uncertain, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.

  • Ghosting In BigLaw: Why Better Feedback Habits Are Needed

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    Not giving assignments or constructive criticism to junior associates can significantly affect their performance and hours, potentially leading them to leave the firm, but partners can prevent this by asking the right questions and creating a culture of feedback, says Rachel Patterson at Orrick.

  • Opinion

    Water Infrastructure Crisis Requires Private Investment

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    The federal government is in the process of distributing billions of dollars recently allocated for upgrades to U.S. water infrastructure — but capital, beyond what government can provide, is needed to fully address decades of neglect, meaning that private investment must be a part of the solution, says Damian Georgino at Womble Bond.

  • Rebuttal

    Law Needs A Balance Between Humanism And Formalism

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    A recent Law360 guest article rightly questions the pretextual pseudo-originalism that permits ideology to masquerade as judicial philosophy, but the cure would kill the patient because directness, simplicity and humanness are achievable without renouncing form or sacrificing stare decisis, says Vanessa Kubota at the Arizona Court of Appeals.

  • Short Message Data Challenges In E-Discovery

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    As short message platforms increasingly dominate work environments, lawyers face multiple programs, different communication styles and emoji in e-discovery, so they must consider new strategies to adapt their processes, says Cristin Traylor at Relativity.

  • Big Oil Certiorari Denial May Alter Climate Change Litigation

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    The U.S. Supreme Court's Monday decision not to review a handful of forum disputes in oil industry climate change litigation means that similar cases may face less corporate-friendly state courts, and insurers may see greater defense and damages exposures from Big Oil clients, say Dennis Anderson and Deepa Sutherland at Zelle.

  • Ambiguity In 'Buy America' Implementation May Slow Projects

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    The White House Office of Management and Budget's most recent guidance, which builds on a complex patchwork of Buy America restrictions that vary by federal agency, would perpetuate government contractors' uncertainty regarding product and material classification and could delay infrastructure projects, say attorneys at Miles & Stockbridge.

  • Opinion

    Thomas Report Is Final Straw — High Court Needs Ethics Code

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    As a recent report on Justice Clarence Thomas' ongoing conflicts of interest makes evident, Supreme Court justices should be subject to an enforceable and binding code of ethics — like all other federal judges — to maintain the credibility of the institution, says Erica Salmon Byrne at Ethisphere.

  • Joint Representation Ethics Lessons From Ga. Electors Case

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    The Fulton County district attorney's recent motion to disqualify an attorney from representing her elector clients, claiming a nonconsentable conflict of interest, raises key questions about representing multiple clients related to the same conduct and highlights potential pitfalls, say Hilary Gerzhoy and Grace Wynn at HWG.

  • Lawyer Discernment Is Critical In The World Of AI

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    In light of growing practical concerns about risks and challenges posed by artificial intelligence, lawyers' experience with the skill of discernment will position them to help address new ethical and moral dilemmas and ensure that AI is developed and deployed in a way that benefits society as a whole, says Jennifer Gibbs at Zelle.

  • Opinion

    8th Circ. Judge Is Right — Climate Suits Should Be Federal

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    While the Eighth Circuit recently ruled that Minnesota v. American Petroleum Institute, a climate change lawsuit, belongs in state court, a concurring opinion from one judge on the panel offers a convincing argument that questions involving alleged climate liability can only be resolved at the federal level, says former Maine Attorney General Andrew Ketterer.

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